Eurostoxx did retest of 2495/90 which did hold again as we broke the morning’s high at 2515/17 resistance. We held 2523/26 and this is going to be tough to beat again today. 2534/37 to exit longs and sell back in to shorts from here up to 2541, looking for a top. Stops above 2549 for 2557/61 next target.
The daily picture is weakening so a test of 2495/90 today is more likely to see the market fail and break lower to target excellent Fib support at 2470/67 where we are likely to see a decent bounce on the first test of this level. However below here leads to a test of 2456/49 next.
The article was first published by CharmerCharts